Specifies how the underlying price is determined at the point of option exercise. The underlying price may be set to the current settlement price, set to a special reference, set to the optimal value of the underlying during the defined period ("Look-back") or set to the average value of the underlying during the defined period ("Asian option").
Code | Meaning |
---|---|
1 | Regular |
2 | Special reference |
3 | Optimal value (Lookback) |
4 | Average value (Asian option) |